Role of ONGC

Hi I would like to have the information about the role of ONGC played in the India’s GDP as well as India GDP-World's refiner?

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas organization headquartered in Dehradun, Uttarakhand, India. It is a Public Sector Undertaking (PSU) of the Government of India, under the regulatory control of the Ministry of Petroleum and Natural Gas. It is India's biggest oil and gas investigation and generation organization. It produces around 77% of India's raw petroleum (proportional to around 30% of the nation's aggregate interest) and around 62% of its regular gas.

Part of Oil and Natural Gas Industry in India GDP-Highlights

India is the sixth biggest buyer of petroleum

By the year 2010, India is relied upon to rank fourth as far as utilization of vitality

The commitment of the Indian Oil and Natural Gas Industry is almost US$ 13.58 billion

The majority of the oil refineries in India, aside from two are worked by the states

The aggregate refinery yield in the period 2005-06 was 130.11 million tons

The development rate of the refinery yield was expanded by 2.1 % in the year 2005-06

The unrefined petroleum yield toward the end of 2006-07 was 33.98 million tons

The development rate of the unrefined petroleum yield was expanded by 5.6% in the year 2006-07

The creation of common gas in the year 2006-07 was 31.55 billion cubic meters

Indian petroleum request depends exceptionally on import of oil and common gas

Around 70% of the requests are nourished by the imports of oil and common gas

The security relating to vitality has ended up one of the essential worries of the Central Government

Instantly India is attempting to get an offer of the oil and gas fields from Central Asia to Myanmar and Africa

The region of enthusiasm for the Indian Oil and Natural Gas Industry is to look for petroleum in both seaward and inland pieces

Part of Oil and Natural Gas Industry in India GDP-World's refiner

The practical refining in India is drawing in the consideration of a few global players

India is a standout amongst the most critical markets for petroleum items and raw petroleum

The raw petroleum from Middle East is effectively transported to India by method for the ocean courses

Part of Oil and Natural Gas Industry in India GDP-Investments Abroad

India is one of the biggest financial specialists in oil fields found abroad

The vast majority of the Government claimed oil organizations have offer in the oil and gas fields in better places of the world, for example, Sudan, Egypt, Libya, Ivory

Coast, Vietnam, Myanmar, Russia, Iraq, Qatar, and Australia

India has 20 % offer in Sakhalin-I oil venture in Russia

The Oil and Natural Gas Corporation (ONGC) has gone into a concurrence with ENI to procure 20-25 % offer of the Congo oil square

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